Which of the following is one of the Five Fundamental Questions?
A) Which products will be in scarce supply and which in excess supply?
B) Who should appoint the head of the central bank?
C) How much should society save?
D) What goods and services will be produced?
Correct Answer:
Verified
Q31: Specialization-the division of labor-enhances productivity and efficiency
Q32: Barter
A) is the major means of exchange
Q33: Specialization in production is economically beneficial primarily
Q34: Economic profits and losses
A) are both considered
Q35: If competitive industry Z is making substantial
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